TechFlow reported, citing The Block, that Chainalysis' 2025 Cryptocurrency Crime Report shows ransomware payments totaled $813 million in 2024, a 35% decline from $1.25 billion in 2023. The report attributes this drop primarily to sanctions targeting Russian cryptocurrency exchanges and reduced willingness of victims to pay.
Data indicates that in the second half of 2024, the gap between ransom demands and actual payments widened to 53%, with most payments remaining within the $150,000 to $250,000 range. Koven, Head of Cyber Threat Intelligence at Chainalysis, stated that enhanced law enforcement actions and improved international cooperation have effectively curbed ransomware activities.
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